Welcome to our dedicated page for Osisko Development news (Ticker: ODV), a resource for investors and traders seeking the latest updates and insights on Osisko Development stock.
Osisko Development Corp. (ODV) generates frequent news as it advances its gold development portfolio in North America, with a strong emphasis on the Cariboo Gold Project in central British Columbia. Company updates often highlight technical milestones at Cariboo, including underground infill drilling results from the Lowhee Zone, broader exploration drilling campaigns, and progress on pre‑construction and underground development activities.
Investors following ODV news can expect detailed assay releases from ongoing drilling programs, such as the 13,000‑meter underground infill campaign on tight drill spacing and the fully funded 70,000‑meter exploration program targeting Cariboo Deep, Proserpine Mountain, Barkerville Mountain, and other regional prospects along the Cariboo Gold trend. These releases typically include gold grades, interval lengths, and interpretations about continuity with modelled vein corridors, mineral reserves, and potential extensions of mineralization.
Beyond project geology, Osisko Development’s news flow includes financing and corporate developments. The company reports on project loan facilities, such as its senior secured credit facility with funds advised by Appian Capital Advisory Limited, as well as equity financings through bought‑deal offerings, private placements, and flow‑through share issuances. News items also cover strategic portfolio actions, including the announced agreement to divest the San Antonio Gold Project to Axo Copper Corp., and investment transactions like acquiring units of Falco Resources Ltd.
Corporate updates may feature management and board changes, such as the appointment of a Vice President, Exploration, and the strengthening of the technical team to support Cariboo and other properties. Regular financial and operating results, furnished through press releases and regulatory filings, provide additional context on cash balances, project spending, and small‑scale production activities at the Tintic Project. For readers tracking ODV, this news page offers a centralized view of operational, technical, financial, and strategic announcements related to the company’s gold development activities.
Osisko Development (ODV) entered a bought‑deal C$30,010,020 life offering of flow‑through shares in two tranches: 2,990,000 National FT Shares at C$6.69 for C$20,003,100 and 1,444,000 BC FT Shares at C$6.93 for C$10,006,920.
Proceeds will fund eligible Canadian exploration expenses on the company’s British Columbia properties, to be incurred by Dec 31, 2026 and renounced with an effective date no later than Dec 31, 2025. Closing is expected on or about Oct 29, 2025, subject to regulatory approvals including TSXV and NYSE; closing must occur within 45 days. The underwriters receive a 4.50% cash commission. Flow‑through shares issued under the LIFE Exemption will not be subject to a statutory hold period.
Osisko Development (NYSE: ODV) reported initial results from its underground 13,000‑meter Lowhee infill program, with ~2,279 m completed on 10‑m spacing (~17.5% of the program) between August and early September 2025. Key assays include 45.24 g/t Au over 3.0 m (including 233.92 g/t over 0.5 m), 41.17 g/t over 2.1 m, and 16.36 g/t over 4.6 m. Results show continuity with modelled vein zones and planned stopes, and high‑grade intercepts occur within or adjacent to modelled reserve stopes. Cow portal access and ~350 m of Lowhee development were completed; the Lowhee probable reserve is reported as 104,491 oz Au at 3.52 g/t, ~5% of Cariboo's probable reserves.
Osisko Development (NYSE: ODV) has announced significant results from its infill and exploration diamond drill program at the Lowhee Zone within its 100%-owned Cariboo Gold Project in British Columbia, Canada. The program comprised 6,471 meters of underground infill drilling and approximately 398 meters of chip and rock saw channel sampling.
Notable high-grade intercepts include 625.95 g/t gold over 0.5m, 57.29 g/t gold over 3.05m, and 15.26 g/t gold over 4.4m. The company has initiated a comprehensive 13,000-meter systematic grid infill program targeting mineral reserve blocks, inferred mineral resources, and non-DSO resources in the Lowhee Zone.
Underground chip/channel sampling also yielded promising results, with highlights including 22.01 g/t Au over 3.8m and 12.23 g/t Au over 4.6m.
Osisko Development (NYSE:ODV) has granted 58,824 deferred share units (DSUs) to independent director Ms. Susan Craig. The grant is connected to her recent appointment to the company's board of directors, which was announced on June 16, 2025. The DSUs were issued in accordance with the Company's Omnibus Incentive Plan, available on the company's website.
Osisko Development (NYSE: ODV) has successfully closed a significant US$203 million private placement financing, consisting of a US$120 million brokered offering and an US$83 million non-brokered offering at US$2.05 per Unit.
Each Unit includes one common share and a half warrant exercisable at US$2.56 until August 15, 2027. Notably, Double Zero Capital LP made a substantial US$75 million investment, securing a 15.4% stake in ODV. The proceeds, combined with a previously announced US$450 million project loan facility, will primarily fund the construction of the Cariboo Gold Project.
The deal includes strategic elements such as an Investor Rights Agreement granting Double Zero board nomination rights and other privileges, while insider participation amounted to US$1.29 million.
Osisko Development (NYSE: ODV) reported its Q2 2025 financial results, highlighting significant developments across its portfolio. The company held $46.3 million in cash and generated $6.9 million in revenues from selling 1,393 gold ounces at its Tintic Project.
The company released an optimized feasibility study for its flagship Cariboo Gold Project, showing strong economics with an after-tax NPV5% of $943 million and IRR of 22.1% at US$2,400/oz gold. The project is expected to produce an average of 190,000 ounces annually over a 10-year mine life.
Subsequent to Q2, ODV secured significant financing, including a US$450 million credit facility with Appian Capital and announced a US$195 million private placement to fund the Cariboo Gold Project's development.
Osisko Development (NYSE: ODV) has secured a significant US$450 million project loan facility from Appian Capital Advisory for the development of its Cariboo Gold Project in British Columbia, Canada. The financing includes an initial draw of US$100 million to accelerate pre-construction activities and de-risk the project.
The credit facility is structured in two tranches: the initial US$100 million draw and US$350 million in subsequent draws available over 36 months. The facility matures in July 2033 and includes interest rates of SOFR plus 9.50% for the initial draw, reducing to SOFR plus 7.50% for subsequent draws. As part of the agreement, Osisko will grant Appian 5,625,031 warrants at CAD$4.43 per share, exercisable until July 2028.
[ "Secured substantial US$450 million financing facility for Cariboo Gold Project development", "Initial US$100 million draw enables immediate acceleration of pre-construction activities", "Strategic partnership with leading mining investment fund Appian Capital Advisory", "Flexibility to repay existing US$25 million term loan with National Bank", "Option to pay up to 100% of interest in kind for first 12 months" ]Osisko Development (NYSE: ODV) announced positive bulk tonnage ore sorting test results for its Cariboo Gold Project in British Columbia. The testing program, conducted on an 80-tonne sample, demonstrated significant improvements in gold recovery and waste rejection using X-ray transmission (XRT) technology.
Key achievements include 42-55% waste rejection with 84-89% gold recovery for mid-size and oversize material, and notably, a 92% gold recovery with 59% waste rejection for the previously untested 6-10mm size fraction. The upgrade ratio of 2.0-2.1 exceeded the 2025 Feasibility Study assumption of 1.95. The test represented a substantially larger dataset compared to previous ~5-tonne tests.
An important finding showed that 76% of the contained gold reported to the fines fraction, higher than the previous 45% assumption, suggesting potential for improved overall recoveries.
Osisko Development (NYSE: ODV) has announced positive results from ore sorting testing at its Cariboo Gold Project in British Columbia, Canada. The tests, conducted on an ~80-tonne sample, demonstrated significant improvements in processing efficiency.
Key results include 42-55% waste rejection with 84-89% gold recovery for mid-size and oversize material, and notably, a 59% waste rejection with 95% gold recovery for the previously untested 6-10mm size fraction. The testing achieved a 2.0-2.1 upgrade ratio, exceeding the 2025 Feasibility Study assumption of 1.95.
The program, utilizing TOMRA's advanced AI-enabled XRT technology, represents a significantly larger dataset compared to previous ~5-tonne tests. Approximately 76% of the contained gold reported to the fines fraction, suggesting potential for optimization in future engineering phases.
Osisko Development (NYSE: ODV) announced progress on its fully permitted gold development project in British Columbia, Canada. The company recently completed an updated feasibility study demonstrating strong economic potential at current gold prices.
The project is advancing towards the construction phase and is expected to create hundreds of direct and indirect jobs. This development positions Osisko as a significant contributor to Canada's resource sector, being one of the few fully permitted gold projects in the country.